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To: Chickensoup

You may be able to pay off your mortgage with inflated dollars.

That’s what the government is doing......................


10 posted on 09/27/2012 9:52:06 AM PDT by Red Badger (Is it just me, or is Hillary! starting to look like Benjamin Franklin?.................)
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To: Red Badger

Paying off with inflated dollars only means something if your income is inflating along with expenses. Fixed incomes don’t do that. If one must depend on a fixed income and is facing a ramp up of inflation then it is better to get the thing paid off because expenses are going p while income is not. In fact, SS payments are going down because part of OBAMACARE is that your insurance premium is going up hard every year. It about doubles in 2014. I figure in 6 years SS will be billing me for the difference.


33 posted on 09/27/2012 11:53:24 AM PDT by arthurus (Read Hazlitt's Economics In One Lesson ONLINE www.fee.org/library/books/economics-in-one-lesson)
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